Foreign
Direct Investments (FDI) has always played a crucial role in the economic
development of the Maldives. The Government acknowledges the importance of
foreign investment and recognizes its contribution to economic development and
employment creation.
The success
of foreign investments in the Maldives can be attributed to its open and
liberal economic environment, relative political stability and the consistent
growth of the economy, which has achieved an average annual growth rate of 7.5
percent over the last 15 years. Foreign investors are offered a simple and
transparent policy environment and continuous efforts are being made to make
the investing environment more predictable and transparent.
Literally,
all sectors of the Maldives economy are open for foreign investors. These
investments, irrespective of their size, are encouraged to enter and operate in
the Maldives. Thus, capitalizing on the numerous benefits of investing in the
Maldives, many reputed international brand names have already established their
presence in the country.
Invest Maldives Invest
Maldives is the government agency entrusted with promoting, regulating and
licensing foreign investments in the country. It is the first port of call for
all foreigners keen on investing in the Maldives.
The process
of registering a foreign investment, as required by Law, is simple and straight
forward. Prospective investors can expect to get their operations under way
within 10 days from the date that all the required documentation is submitted to
Invest Maldives.
Invest Maldives will pave the way for speedy commercial operations by
providing assistance for every stage of the investment process. The objective
is to provide a one-stop-service for all investors wishing to invest in the
Maldives.
Services Invest
Maldives plays an active role in supporting investors in their establishment
and operations. The following are the main functions and services that are
provided by Invest Maldives: